Tag Archives: The NEFMC/ENGO Edsel
The NEFMC/ENGO Edsel – Editorial: Time to put brakes on bogus ocean ‘habitat’ measure
The federal Habitat Omnibus Amendment, already a confounding six years in the works, has a nice ring to it. more@GDT The Edsel is most notorious for being a marketing disaster. Indeed, the name “Edsel” became synonymous with the “real-life” commercial failure of the predicted “perfect” product or product idea. Similar ill-fated products have often been colloquially referred to as “Edsels”. Since the Edsel program was such a debacle, it gave marketers a vivid illustration of how not to market a product. The principal reason the Edsel’s failure is so infamous is that Ford had absolutely no idea that the failure was going to happen until after the vehicles had been designed and built, the dealerships established and $400 million invested in the product’s development and launch. Incredibly, Ford had presumed to invest $400 million (well over $4.0 billion in the 21st century) in developing a new product line without attempting to determine whether such an investment would be wise or prudent. wiki 06:52
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